Metallica Bearings, Incorporated, is a young start-up company. No dividends will be paid on the stock over the next 12 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $7 per share 13 years from today and will increase the dividend by 7 percent per year thereafter. If the required return on this stock is 14 percent, what is the current share price? Multiple Choice $21.79 $19.72 $21.38 $18.21 $20.76 Red, Incorporated, Yellow Corporation, and Blue Company each will pay a dividend of $1.80 next year. The growth rate in dividends for all three companies is 3 percent. The required return for each company's stock is 8.90 percent, 11.30 percent, and 16.00 percent, respectively. What is the stock price for Red, Incorporated? Red, Incorporated What is the stock price for Yellow Corporation? What is the stock price for Blue Company? Lohn Corporation is expected to pay the following dividends over the next four years: $15,$11,$7, and $3. Afterward, the company pledges to maintain a constant 7 percent growth rate in dividends forever. If the required return on the stock is 15 percent, what is the current share price? Multiple Choice $48.09 $49.41 $50.62 $52.14 $57.63 Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $5, but management expects to reduce the payout by 4 percent per year indefinitely. If you require a return of 6 percent on this stock, what will you pay for a share today? Multiple Choice $47.52 $240.00 $48.48 $48.00 $50.00 Synovec Company is growing quickly. Dividends are expected to grow at a rate of 27 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 14 percent and the company just paid a $3.00 dividend. what is the current share price? Multiple Choice $70.47 $73.12 $74.62 $76.11 $66.83